Looking to balance out your exposure to ENSG? The ETFs below have historically moved differently from ENSG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ENSG
5 ETFs have low correlation with ENSG (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.00, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.00 | 0.16 | 0.25 | 90 | Semiconductors, Technology Equities | ENSG vs SOXX | |
| Vanguard S&P 500 ETF | 0.09 | 0.29 | 0.37 | 72 | S&P 500 | ENSG vs VOO | |
| Vanguard Total Stock Market ETF | 0.09 | 0.30 | 0.38 | 72 | Large Cap Blend Equities | ENSG vs VTI | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.29 | 0.37 | 72 | S&P 500 | ENSG vs SPY | |
| WisdomTree International LargeCap Dividend Fund | 0.16 | 0.28 | 0.33 | 76 | Foreign Large Cap Equities, Dividend | ENSG vs DOL |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ENSG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Innodata Inc. (INOD) (Technology) with a 1Y correlation of -0.20, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innodata Inc. | -0.20 | 0.07 | 0.11 | 66 | Technology | |
| D-Wave Quantum Inc | -0.13 | 0.01 | 0.02 | 55 | Technology | |
| Rambus Inc. | -0.08 | 0.13 | 0.21 | 59 | Technology | |
| Broadcom Inc. | -0.07 | 0.11 | 0.20 | 69 | Technology | |
| Amazon.com, Inc | -0.04 | 0.09 | 0.19 | 70 | Consumer Cyclical |
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